Vanguard Energy Corp. (VNGE) Independent Report Shows 17% Growth in Proven Reserves
Vanguard Energy, the drilling and production company focused on established fields in southeast Texas, reported today that the third party reserve engineering firm used for certification purposes has upwardly revised the final proved reserves total by 17% to 725,882 bbls, firmly reinforcing the value of Vanguard’s flagship Batson Dome Field, as well as the company’s extant/new drilling program(s). This is an even larger jump when compared to last year’s exit totals (reserves are up 20% since Sept 30), a track record that clearly shows VNGE’s capacity to grow reserves through circumspect development. We are talking a PV-10 value of some…